Spot ETF fund flows continue to worsen.


On June 24, BTC ETF saw net outflows of about $469 million
On June 25, continued net outflows of about $426 million
No significant institutional buying; instead, there is continuous redemption pressure.
On June 24, ETH ETF saw net outflows of about $30.3 million
On June 25, continued net outflows of about $16.5 million.
The macro market remains clearly bearish. Last night's PCE data did not strengthen expectations of a rate hike, but the pressure of a rate hike in September and the withdrawal of liquidity have left the crypto space still in a bearish environment.
For an uptrend, there must be favorable signals from the macro environment, or all bearish factors must have been fully priced in.
Otherwise, even if it hits the daily limit down, it will just be a longer period of bottom consolidation.
$BTC
BTC-2.34%
ETH-5.01%
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HighAmbition
· 2h ago
good information 👍
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